Page 52 - Silver Clips

The Suites at Crossing Place Site A
Total Number of Condo Units 84
Total Number of Condo Floors 7
Total Number of Floors 8
Condo Units Per Upper Floors 12
Building SF Per Floor 16,320
Building SF 130,560
Construction Costs
Elevators, Trash Chute, Generator, Building Access and Security Systems $1,200,000
Modular Precast Concrete $80.00 SF 130,560 $10,444,800
Windows and Glass $1,974,240
Covered Parking $15.00 SF 30,000 $450,000
Sky Deck $40.00 SF 16,320 $652,800
Interior Finishings $53.47 SF 130,560 $6,981,410
Building Foundation $15.00 SF 16,320 $244,800
Balcony System $8,000 84 $672,000
Permit Drawings $100,000
Fire Monitoring Systems $250,000
Water/Waste Water Stacks $17.00 LF 3,600 $61,200
Construction Costs Before Labour Costs $23,031,250 $176.40
Labour 30% $6,873,087 $52.64
Less Concrete Labour $4,243,200 $32.50
Other Work Labour $2,629,887 $20.14
Total Construction Costs With Labour Costs $25,661,137 $196.55
Other Costs
Site Development Cost $83.38 (per SF of building area; or $11 PSF of land area) $1,360,814
Development Charges (Residential) $17,278 per unit 84 $1,451,335
Development Charges (Commercial) $5.39 16,320 1 $87,964.80
Construction Financing 8.00% $2,052,891
Land Taxes and Other $150,000
Condo Sales Commission 3.00% $1,540,094
Total Other Costs $6,643,100 $50.88
Total Project Cost $32,304,237 $247.43
Total Project Income $51,336,471 $393.20
Total Project Retained Profit $19,032,234 $145.77
Construction Costs Against Sales 63%
Note: Expense Costs for Construction Management not included